Which of the Following Is True of Tape

question 4

Multiple Choice

Which of the following is true of tape?

• A)It is no longer used as a primary method of storage but is used most often for long-term storage and backup.
• B)It is used as a primary method of storage and for long-term storage and backup.
• C)It is no longer used for long-term storage and backup but is used most often as a primary method of storage.
• D)It is no longer used as a primary method of storage or for long-term storage and backup.

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Definitions:

Direct Labor-Hours

The total hours of labor directly involved in manufacturing a product or providing a service.

Adjusted Cost of Goods Sold

The cost of goods sold metric that has been modified for adjustments such as stock variations, returns, or discrepancies.

Standard Cost Variances

The differences between the actual costs incurred and the standard costs previously set for materials, labor, and overhead in manufacturing.

Labor Efficiency Variance

The difference between the actual number of labor hours worked and the standard hours expected, multiplied by the standard labor rate.